The bank probably felt the dollar had gained enough in the past days, and it didn't want to put more pressure in the market.
More Quotes from Helio Ozaki:
Nobody here wants to be surprised by bad news from the Fed. People are taking profits ahead of the meeting rather than remain vulnerable.Helio Ozaki
I personally think it is absurd, but the market is again hostage to the U. S. Nasdaq index. Our problem is a lack of volume.
Helio Ozaki
The central bank has made clear it won't let the real appreciate. The real won't strengthen as long as the bank continues to sell contracts and buy dollars.
Helio Ozaki
The stock market had been weak due to the Wall Street performance and concerns about Asian economies. The ratings news helped to push the stocks down slightly, but it wasn't the driving force. For a change, Argentina had no negative influence.
Helio Ozaki
There are a few things worrying the market today, but the most relevant is New York.
Helio Ozaki
Readers Who Like This Quotation Also Like:
Based on Topics: Past QuotesIt took the whole of Creation To produce my foot, my each feather: Now I hold Creation in my foot.
Ted Hughes
Nothing could be more insulting to me than the concept of civil rights. It means perpetual second-class citizenship for me and my kind.
James H. Meredith
They that govern the most make the least noise.
John Selden